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obama making remarks about the fiscal cliff aired it earlier today. he put much of the blame on shoulders of the republicans if no deal is reached. the gop fired back saying the president should lead right now not cast blame. correspondent s henry is live from the white house. >> he is frustrated going on a talk show today in the middle of the negotiations. he has not been on one of the programs since 2009. he felt it was important to get the message out there. you are right he was pounding the same message again and again f. we go up the fiscal cliff for not meeting them halfway. >>> not because democrats and congre congre congress don't want to go ahead and cooperate but i think it has been hard for speaker boehner and republican mcconnell to accept the fact taxes on wealthiest should go up a little bit sweas well as a deficit reduction package. if they can't say yes to good offers i have an obligation to make sure the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >> republicans are expressing frustration sa
obama making remarks about the fiscal cliff aired it earlier today. he put much of the blame on shoulders of the republicans if no deal is reached. the gop fired back saying the president should lead right now not cast blame. correspondent s henry is live from the white house. >> he is frustrated going on a talk show today in the middle of the negotiations. he has not been on one of the programs since 2009. he felt it was important to get the message out there. you are right he was...
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Dec 31, 2012
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is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush era tax cuts for families making $450,000 a year and individuals making 40 o,000. it would also extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solves all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. it may be we can do it in stages. >> reporter: negotiations have been going on all day, lawmakers and aids moving back and forth be
is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been...
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Dec 31, 2012
12/12
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, like the ones in the fiscal cliff proposal or, at worse, the monetizing of the debt, the -- a drop in the value of the dollar, and all the harmful effects that that will have on our economy and our country. so, we come -- so, here we are december 31, not only the eve of a new year, which we hope and pray will be a great one for our country and everyone who lives in it, but a few hours away from letting our country go over the cliff. and we can't let it happen, and that's why i'm so encouraged that these bipartisan negotiations will produce -- are looking like they'll produce a bipartisan agreement which hopefully will come before the senate sometime this evening. this is not -- this will not be the comprehensive, bipartisan long-term debt agreement that we created the cliff to encourage. this will not be the bipartisan long-term debt reduction agreement that this country needs. so smuch going -- beginning to turn right in our economy. how's -- so much is going -- beginning to turn right in our economy. housing is doing so much better. unemployment is down. you see manufacturing pic
, like the ones in the fiscal cliff proposal or, at worse, the monetizing of the debt, the -- a drop in the value of the dollar, and all the harmful effects that that will have on our economy and our country. so, we come -- so, here we are december 31, not only the eve of a new year, which we hope and pray will be a great one for our country and everyone who lives in it, but a few hours away from letting our country go over the cliff. and we can't let it happen, and that's why i'm so encouraged...
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Dec 31, 2012
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that are part of the fiscal cliff. mr. mccain: may i thank the senator from maryland, as always, for her usual courtesy and i think she had a very important message and i appreciate not only the words themselves but her eloquence and passion. mr. president, i ask unanimous consent that the senator from south carolina be included in a colloquy during my remarks. the presiding officer: without objection. mr. mccain: mr. president, i, like i believe all of us just finished watching the president's remarks at -- i guess it was the executive office building. and i'm not sure yet as i sort out my impressions of the president's remarks as to whether to be angry or to be saddened. i've been around this town for a number of years, and as is well known, i had an interest in the presidency more than academic and i've watched a lot of presidents, going back to president reagan from the standpoint of a member of congress. and i've watched these other crises as we go through them, whether it be the potential shutdown of the governme
that are part of the fiscal cliff. mr. mccain: may i thank the senator from maryland, as always, for her usual courtesy and i think she had a very important message and i appreciate not only the words themselves but her eloquence and passion. mr. president, i ask unanimous consent that the senator from south carolina be included in a colloquy during my remarks. the presiding officer: without objection. mr. mccain: mr. president, i, like i believe all of us just finished watching the president's...
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Dec 31, 2012
12/12
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by thoughts on the fiscal cliff are, why don't we just let the bush tax cuts expired? host: on that point, where would you draw the line in terms of the middle class americans? the president said $250,000, but that threshold could now be $450,000. caller: i came from a pretty upper in the family. but i do not consider -- $60,000, $70,000 -- that is pushing at. $90,000? no, no. that is not middle-class. you are making more than triple what some of your average americans make in the year. host: ok. republican line. caller: thank you. i just want to respond to tom harkin's comments. the housing market is largely responsible for the mess we're in right now. they voted not to pay taxes on $100,000 worth of gains every two years and extended mortgages to people who never in the history of our country could have afforded a home, under the idea that everybody should be able to have a shot at the american dream. i really -- i am just upset. they hold out until the last day when they had all year to deal with these issues. now the passion and the i read attitudes of people are c
by thoughts on the fiscal cliff are, why don't we just let the bush tax cuts expired? host: on that point, where would you draw the line in terms of the middle class americans? the president said $250,000, but that threshold could now be $450,000. caller: i came from a pretty upper in the family. but i do not consider -- $60,000, $70,000 -- that is pushing at. $90,000? no, no. that is not middle-class. you are making more than triple what some of your average americans make in the year. host:...
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Dec 31, 2012
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he said he feels like we -- let's do a swan dive over the fiscal cliff. >> clayton: he wants the fiscal cliff, boling does. i don't know that that would be a smart move, given the sequestration and all of the defense cuts that we're about with to face if we go over that, that means a massive, massive cut to our military. >> juliet: his thing is, look, we got to start cutting this deficit down. we just got to start now. he said, i stand to lose a lot of money in this, but it's got to happen now. >> dave: he also said republicans should lead on immigration, which i thought was interesting. that also made my eyes go up. >> clayton: he said they're going to continue to lose election after election if they continue to do what they did as it relates to immigration reform. the senate this morning, look at the live look, capitol hill and the white house. the senate reconvenes at 11:00 a.m. this morning. the house is getting together around 9:00 a.m. this morning. again, wendell goler reporting they've been hashing out deals throughout the night. >> dave: if you want good information as it happe
he said he feels like we -- let's do a swan dive over the fiscal cliff. >> clayton: he wants the fiscal cliff, boling does. i don't know that that would be a smart move, given the sequestration and all of the defense cuts that we're about with to face if we go over that, that means a massive, massive cut to our military. >> juliet: his thing is, look, we got to start cutting this deficit down. we just got to start now. he said, i stand to lose a lot of money in this, but it's got to...